Goldman Sachs (NYSE:GS) posts record quarter, trailing P/E drops to 16.8 but book premium grows
Goldman Sachs has taken away a key simple valuation complaint. The stock traded at $1,086 before the open, putting Tuesday’s reported $20.98 in quarterly earnings per share against trailing earnings of $64.79 for a P/E of about 16.8. That’s down from 19.1 at Monday’s close, even after the stock rose 3.8%. The earnings shift outpaced the move in the share price.